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Which of the following will be shown in the Income Statement of a merchandising company?

a. all
b. operating expenses
c. gross profit
d. Cost of Goods sold

User Rory S
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1 Answer

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Final answer:

Operating expenses, gross profit, and cost of goods sold.

Step-by-step explanation:

The answer is b. Operating expenses, c. Gross profit, and d. Cost of Goods sold will be shown in the Income Statement of a merchandising company.

The Income Statement, also known as the Profit and Loss Statement, summarizes a company's revenues, expenses, and net income or loss for a specific period of time. It is one of the financial statements that provides valuable information about a company's profitability.

Operating expenses represent the costs incurred in running the day-to-day operations of the business, such as rent, utilities, salaries, and advertising. Gross profit is the difference between a company's net sales and the cost of goods sold, which represents the direct costs associated with producing or purchasing the products that are sold.

User Reza Owliaei
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